"At the moment, a new extractive field is being prepared on the +175 horizon. This is the first field between the +175 and +275 horizons, which will allow us to prepare about 400,000 tons of the existing coal for extraction in the coming years. The company will be able to absorb this amount of the minerals in 6-7 years," - the company wrote in the Meshakhte newspaper.

Saknakhshiri is currently owned by Steel International Trading Company. Saknakhshiri itself has been unprofitable for years. Yields in 2020 amounted to GEL 12.9 million, although the total loss was GEL 10.7 million. The total loss for the year was GEL 26.59 million, while the 2019 net loss also exceeded GEL 121.6 million.
It is noteworthy that in June 2018, the company suspended coal mining due to several fatal incidents. Coal mining and, consequently, revenue generation resumed only from November 2019, which was also reflected in the reduction of the net losses.
The company sells 2 types of coal: enriched and regular. In 2019, a total of 3,515 tons of coal were sold. In 2020, the company signed two major sales contracts, which led to an increase in revenue. In 2020, a total of 87,487 tons of coal were sold.